5th Aug 2015 07:00
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Strategic sales and marketing agreement with Gigaclear plc
Satellite Solutions Worldwide Group plc (AIM:SAT), the satellite broadband provider that trades in Europe under the Europasat brand, is pleased to announce a strategic sales and marketing agreement with Gigaclear plc. ("Gigaclear"), the institutional investor funded pure fibre-to-the-premises telecommunications operator.
This agreement will see SSW and Gigaclear working together to identify and serve the large numbers of properties across the UK that cannot currently access fibre or fast broadband. SSW fully supports Gigaclear's innovative plans to deliver pure Fibre To The Premises ("FTTP") to communities that wouldn't otherwise benefit from gigabit fibre technology.
As part of the agreement, SSW will offer its super-fast satellite broadband solution to communities that have been identified by Gigaclear as suitable areas to build their FTTP network, whilst they wait for it to be installed. Additionally, Gigaclear will refer customers to SSW in those areas that have been identified as needing a faster broadband solution, but haven't been confirmed to date as suitable location for Gigaclear to deploy their solution. SSW is the first satellite broadband ISP in Europe to offer a 'fibre guarantee', a facility whereby satellite broadband customers can easily cancel their contract when pure fibre broadband arrives at their premises.
SSW CEO Andrew Walwyn said: "It is exciting to be working closely with Gigaclear. Any project that enables us to reach more people effected by the 'digital divide' and to give them better options has got to be great news for consumers. Our partnership is all about identifying those who lack a super-fast broadband solution and getting them connected quickly and cost effectively.
"The UK Government has recently identified that up to 245,000 households will end up with 2 Mbps broadband or less once the BT led fibre-to-the-cabinet roll out is complete. Working together with Gigaclear we stand a great chance of providing those affected with a quick and permanent solution to their broadband dilemma."
Enquiries:
Satellite Solutions Worldwide Group PLC | www.satellitesolutionsworldwide.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
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Strand Hanson (Financial & Nominated Adviser) |
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Andrew Emmott / Ritchie Balmer
| Tel: +44 (0)20 7409 3494 |
Arden Partners plc (Broker) |
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Catherine Miles / Kam Bansil
| Tel: +44 (0)20 7614 5900 |
Walbrook PR (PR advisers) | Tel: +44 (0)20 7933 8790 |
Paul McManus / Paul Cornelius |
About SSW
Established in 2008, SSW offers a broad range of satellite broadband services with customers across 31 countries. With solutions targeting B2C and B2B users, and with products developed specifically for the broadcasting/SNG, Police and Military markets, SSW's brand Europasat is a leading independent provider of satellite broadband internet services across Europe.
Listing on the London Stock Exchange as SSW Group plc (AIM:SAT) on 12 May 2015, and with a track record of strong organic growth in its subscriber base and recurring revenues, the directors of SSW believe there is a major opportunity to consolidate the businesses organic growth with acquisitions throughout the fragmented European satellite broadband market.
Working closely with satellite owners and operators, SSW targets customers in the 'digital divide' with solutions that deliver up to 22 Mbps (rising to 30 Mbps later this summer) satellite based broadband services to almost any premises, whether residential, commercial or industrial across Europe, irrespective of location or local infrastructure.
About Gigaclear plc
Gigaclear is a private and institutional investor backed communications operator dedicated to building and operating ultrafast, pure fibre-to-the-premises broadband networks in rural communities. With pure fibre connectivity to every property in a community, delivering open, ultrafast broadband access, customers have complete control over the choice of services they wish to use. The company was founded in December 2010 by its chief executive, Matthew Hare.
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